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Economy Quiz
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- Question 1 of 5
1. Question
1 pointsConsider the following statements related to ‘Reserve Bank of India (RBI)’?
1) RBI was set up in 1935 as a private bank.
2) RBI was nationalised in 1949.
Which of the above statement(s) is/are correct?Correct• RBI was set up in 1935 as a private bank during the Britishers rule in India. It was nationalised by Government of India in 1949 after independence.
Incorrect• RBI was set up in 1935 as a private bank during the Britishers rule in India. It was nationalised by Government of India in 1949 after independence.
- Question 2 of 5
2. Question
1 pointsWhich of the following is not function of RBI?
Correct• RBI does not provide any direct finance to public, industries and companies.
Incorrect• RBI does not provide any direct finance to public, industries and companies.
- Question 3 of 5
3. Question
1 pointsConsider the following statements related to ‘CRR ie Cash reserve ratio.’
1) It is the ratio of total deposits of bank in India. Which is kept with RBI in the form of cash.
2) Currently CRR is 3.5 percent.
Which of the above statement(s) is/are correct?Correct• CRR is the ratio of total deposits of bank to the money kept by bank with RBI in form of cash.
• Currently CRR is 4 percent.Incorrect• CRR is the ratio of total deposits of bank to the money kept by bank with RBI in form of cash.
• Currently CRR is 4 percent. - Question 4 of 5
4. Question
1 pointsConsider the following statement related to ‘Bank rate’
1) It is the interest rate which RBI changes on its short-term lending’s.
2) Only Banks can borrow money through this rate.
Which of the above statement(s) is/are correct?Correct• It is the interest rate which RBI charges on its long-term lending. Not only banks but central government, state government, financial institutions, co-operative banks, NBFC’s etc can borrow through this route.
Incorrect• It is the interest rate which RBI charges on its long-term lending. Not only banks but central government, state government, financial institutions, co-operative banks, NBFC’s etc can borrow through this route.
- Question 5 of 5
5. Question
1 pointsWhich of the following is not a quantitative tool used by RBI to control money flow.
Correct• Moral suasion is a qualitative tool.
Incorrect• Moral suasion is a qualitative tool.